Medical technology has improved the quality of life, as it enables diagnosis at an earlier stage, which further helps in timely planning of treatment feels
J Sunderrajan, Head-Strategy and Business Development, Siemens Healthcare

How crucial is the role of medical technology in todays healthcare?
The role of medical technology is very crucial today. Technology in healthcare diagnostics has evolved over the years. The three core aspects of quality, speed and accessibility have helped improve the healthcare scenario tremendously in India. More over, technology and features from high-end systems trickle down to entry level equipment, which significantly impacts the quality and diagnostic confidence at the base level of healthcare. Also it is well known fact that any disease detected at an early stage is both easier to cure and much less expensive. The focal areas of medical technology are early detection, high quality and consistency leading to diagnostic confidence and all this at an affordable cost.

Medical technology has improved the quality of life, as it enables diagnosis at an earlier stage, which further helps in timely planning of treatment

Do you agree that the rise of dependency on medical technology in several aspects of healthcare has raised the cost of healthcare?
If yes, how to rectify the situation? In fact its the other way round. Medical technology has improved the quality of life, as it enables diagnosis at an earlier stage, which further helps in timely planning of treatment. Because the diagnosis is made at an early stage, it also makes treatment affordable. Moreover, Siemens Healthcare is addressing cost pressure on healthcare systems with its global initiative Agenda 2013. We want to improve access to high-end technology by further extending our portfolio of systems in the middle price segment, developing next-generation IT solutions that increase efficiency, and expanding our regional presence in fast-growing emerging markets like India.

What is the unique medical technology product/solution you have devised?
Siemens is known for its innovative products and solutions. Some of the examples are our recently launched Biograph mMR, which is the worlds first scanner allowing simultaneous MR and PET imaging SOMATOM Definition Flash, worlds fastest CT scanner that can perform heart scan in a split second at lowest dose, etc.

What is the size of medical technology product and solution in India? In what percentage the segment is growing?
As per a recent study medical device industry including diagnostics and radiology is worth more than USD 4 billion growing at CAGR of 15 percent. But this can only be an estimate since healthcare is probably one of the most challenging industries to accurately forecast. Growth depends on several factors like urbanisation, government spending, exchange rate, etc.

Like

Dislike

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.